TORONTO, August 19, 2013 - RBC Global Asset Management
Inc. announced the following RBC Private Pools will change
their names, effective today, upon the renewal of the RBC
Private Pools 2013 Simplified Prospectus:

OLD NAME

NEW NAME

RBC
Private U.S. Large Cap Equity Pool

RBC
Private U.S. Large-Cap Core Equity Pool

RBC
Private U.S. Large Cap Equity Currency Neutral PoolF

RBC
Private U.S. Large-Cap Core Equity Currency Neutral
Pool

RBC
Private U.S. Value Equity Pool

RBC
Private U.S. Large-Cap Value Equity Pool

RBC
Private U.S. Value Equity Currency Neutral Pool

RBC
Private U.S. Large-Cap Value Equity Currency Neutral
Pool

These are name changes only. The investment objectives and
strategies of the pools have not changed. The new names more
clearly identify the pools' investment process and the types
of investment the pools hold.

About
RBC Global Asset Management and RBC Wealth ManagementRBC Global
Asset Management(RBC GAM) is the asset management division of Royal Bank
of Canada (RBC), and includes institutional money managers
BlueBay Asset Management, Phillips, Hager & North Investment
Management and RBC Global Asset Management (U.S.). RBC GAM
is a provider of global investment management services and
solutions to individual, high-net-worth and institutional
investors through exchange-traded funds, hedge funds, mutual
funds, pooled funds, separate accounts and specialty investment
strategies. RBC GAM group of companies manage more than $290
billion in assets and have approximately 1,000 employees located
across Canada, the United States, Europe and Asia.

RBC Global Asset Management is part of
RBC Wealth Management,
which is one of the world's top 10 largest wealth managers*.
RBC Wealth Management directly serves affluent, high-net-worth
and ultra-high net worth clients in Canada, the United States,
Latin America, Europe, the Middle East, Africa, and Asia with
a full suite of banking, investment, trust and other wealth
management solutions. The business also provides asset management
products and services directly and through RBC and third party
distributors to institutional and individual clients, through
its RBC Global Asset Management business (which includes BlueBay
Asset Management). RBC Wealth Management has more than C$604
billion of assets under administration, more than C$369 billion
of assets under management and over 4,400 financial consultants,
advisors, private bankers, and trust officers. For more information,
please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking
KPI Benchmark 2013. In the United States, securities are offered
through RBC Wealth Management, a division of RBC Capital Markets,
LLC, a wholly owned subsidiary of Royal Bank of Canada. Member
NYSE/FINRA/SIPC.